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Trading Made Simple

  • #142,081
  • Aug 29, 2023 5:11pm Aug 29, 2023 5:11pm
Quoting nhockanthi
{quote} Hi @emmanuel7788, Could you please help me explain what is "confirm the Price Action and the MOMENTUM of the setup S/U candle"? (I think it is the same with "How can we know when we have s/u candle"). Or could you send me the link that I need to research? From my understanding, @eelfranz wants to create a "simple strategy", and price action has a lot of things. Such as break, retest,... Do you think if we apply them, they will make "simple strategy" more complicated? I think he advised us to make it as simple as possible. Sorry if my questions...

hi @nhockanthi

a good example is in this old post #8906 by the OP.

a picture is worth one thousand words,


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,082
  • Aug 29, 2023 5:29pm Aug 29, 2023 5:29pm
Quoting tommydoginti
{quote} I am not bothered by the mentally ill troll. This dude is just full of hatred. I just focus on trading and making profit. The growth in TMS trading skill and account size is what matters. For instance, Price Action of #647. Previous Highs and Lows with rejection strength are good indications to trade directions and opportunities trade well. {image}

@tommydog....

You have been angry since the day I exposed you and all your photoshop-edited chart with fakes trades posts in this thread. You went into a mental meltdown and it got worst when you see my posts in this thread.
You are full of jealousy, anger and hate.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,083
  • Aug 29, 2023 5:37pm Aug 29, 2023 5:37pm
Quoting tommydoginti
{quote} /// For instance, Price Action of #647. Previous Highs and Lows with rejection strength are good indications to trade directions and opportunities trade well. {image}
@tommydog...

that's your too simplistic selective reading of post #647 due to your limited knowledge and experience.

but that's okay when you only started trading in Oct 2020.

you have not learn how to read the candles on your charts.

You posted EU H1,

It is very simple if you learn to read big candle, small candles ... and see the price action and the consolidatio.

Big E mentioned many times ... "Do Not Trade when in or near consolidation" ...


Attached Image (click to enlarge)
Click to Enlarge Name: EU Aug 29 BUEOB setup US data 30-8-2023 6-14-04 am.png Size: 37 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,084
  • Aug 29, 2023 6:04pm Aug 29, 2023 6:04pm
Quoting nhockanthi
{quote} Hi @emmanuel7788, Could you please help me explain what is "confirm the Price Action and the MOMENTUM of the setup S/U candle"? (I think it is the same with "How can we know when we have s/u candle"). Or could you send me the link that I need to research? From my understanding, @eelfranz wants to create a "simple strategy", and price action has a lot of things. Such as break, retest,... Do you think if we apply them, they will make "simple strategy" more complicated? I think he advised us to make it as simple as possible. Sorry if my questions...
Study Post 647
All the answers you seek is in that post.


Quoting Tekkies
{quote} Study Post 647 All the answers you seek is in that post.
@Tekkies

I think not all the answers can be found in just one post#647. Far too simplistic...

"Big E left a void" ... do you recall this?

The member @nhockanthi needs answers to fill the void

@Tekkies' post #76,219 below:
<>
BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good.
Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all.
Members that have learned from BigE and emmanuel have moved on and left this forum.
Most probable successful traders in own right.
Those old members are replace by new members that do not know how to trade.
Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member.
The subject / topic's that emmanuel is posting now is advance forex trading.
How long did it take you to understand all the point's in post#647. I did not even looked at ME/ME for that level of trading is above me and the little I know.
Do I enjoy those post fighting with emmanuel about keeping it BigE's way. No I do not.

Anway, yes let us discuss #647 in a way the members new to this thread can understand
<>
Quoting Tekkies
{quote} Hi marionetka BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. ...///
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,085
  • Aug 29, 2023 6:07pm Aug 29, 2023 6:07pm
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...
Basic 4x stuff ...

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #647.png Size: 47 KB


Example EU H4 Aug 29

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,086
  • Aug 29, 2023 6:19pm Aug 29, 2023 6:19pm
Quoting nhockanthi
{quote} Hi @emmanuel7788, Could you please help me explain what is "confirm the Price Action and the MOMENTUM of the setup S/U candle"? (I think it is the same with "How can we know when we have s/u candle"). Or could you send me the link that I need to research? From my understanding, @eelfranz wants to create a "simple strategy", and price action has a lot of things. Such as break, retest,... Do you think if we apply them, they will make "simple strategy" more complicated? I think he advised us to make it as simple as possible. Sorry if my questions...

From my understanding, @eelfranz wants to create a "simple strategy", and price action has a lot of things. Such as break, retest,... Do you think if we apply them, they will make "simple strategy" more complicated? I think he advised us to make it as simple as possible.

@nhockanthi

I have the same understanding when I started here and that has not changed over the last 12+ years . Big E wanted to share a method which is simple and with few rules. ... 100% true.

But he also mentioned he started his thread NOT for beginners and newbies but for intermediate+ (he wasn't sure) ... #3805.

Quoting eelfranz
gmcc, Thanks buddy and I keep trying to help other traders make more pips without having to pay for a bogus trading course. People on our thread have some experience to succeed. This thread is not meant for newbies. Our thread is not about learning the basics of forex trading but it's about teaching a method to traders who are no longer beginners... but intermediate+ I guess. Any newbies here... please go to www.babypips.com and take...
It all boils down to you and the numbers of years you have been actively trading in real-time live markets and the knowledge you gained and your own trading experience. All these will become a big part of your discretionary rules-based trading.

>>> Learn EVERYTHING ... but you do not need EVERYTHING to make money in the markets.

When you have learned EVERYTHING, then you can achieve what Big E wrote in his post #2617....

"takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's." and you will be trading his original 5-Method or simply trade naked charts.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,087
  • Aug 29, 2023 6:29pm Aug 29, 2023 6:29pm
Quoting emmanuel7788
{quote} UJ Aug 29 H4 London 12PM - its about time this moves > TMS_V19 ALL GREEN {image}

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug29 H4 its about time 29-8-2023 6-58-34 pm perfect all green.png Size: 48 KB



...
some trading days you just need to be very patient and wait for that one setup opportunity ...

that was perfect 100% when TMS_V19 flags all the green conditions for a Dynamic entry

UJ Aug 29 TMS-II trades closed

- TP1 +10pips, TP2 +25pips, TP3 +50pips

- final exit when PA pulled back and hit my CSTSL exit +35pips,

- then the US data turned it around ...WCC range

- perfect_TMS-II trade with 4 winners 0 loser.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug 29 TMS-II trades closed 30-8-2023 7-20-41 am.png Size: 25 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,088
  • Aug 29, 2023 6:35pm Aug 29, 2023 6:35pm
Quoting kenergy1
{image}

today Aug 30, Tokyo 0830am

we see the US data turned things around very quickly and that WCC still has the 'control, WCC High is 'resistance

today would be better to look for LTF entry ... 'low_risk_trading_idea' ... try M5 momentum setups

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug 30 H1 WCC update 30-8-2023 7-30-35 am.png Size: 48 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,089
  • Aug 29, 2023 6:45pm Aug 29, 2023 6:45pm
Quoting emmanuel7788
{quote} today Aug 30, Tokyo 0830am we see the US data turned things around very quickly and that WCC still has the 'control, WCC High is 'resistance today would be better to look for LTF entry ... 'low_risk_trading_idea' ... try M5 momentum setups {image} ...
UJ Aug 30 M5 LTF 'low risk trading idea'

- Price Action is king

- only for traders who are no longer beginners "#3805."

Attached Image (click to enlarge)
Click to Enlarge Name: UJ AUg 30 LTF setups and entries 30-8-2023 7-38-31 am.png Size: 43 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,090
  • Aug 29, 2023 7:02pm Aug 29, 2023 7:02pm
Quoting nhockanthi
{quote} Hi @emmanuel7788, Could you please help me explain what is "confirm the Price Action and the MOMENTUM of the setup S/U candle"? (I think it is the same with "How can we know when we have s/u candle"). Or could you send me the link that I need to research? From my understanding, @eelfranz wants to create a "simple strategy", and price action has a lot of things. Such as break, retest,... Do you think if we apply them, they will make "simple strategy" more complicated? I think he advised us to make it as simple as possible. Sorry if my questions...

@nhockanthi

here is XAU M15 Aug29 example of Price Action trading with TMS Basics #261 and #647

> remember the TDI was introduced by the OP as a helping indicators to the Stoch(8,3,3) ... #202

> remember the TDI is lagging and that is no a problem trading with lagging indicators... Price Action is leading edge trading.

> your winning EDGE is not in the TDI

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Aug29 M15 setup True REVSRSAL 30-8-2023 7-52-33 am.png Size: 42 KB


> YOUR winning EDGE is to achieve and consistently maintain a statistical EDGE +2R trades 60:40 rule.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,091
  • Edited 7:27pm Aug 29, 2023 7:11pm | Edited 7:27pm
Quoting emmanuel7788
{quote} UJ Aug 30 M5 LTF 'low risk trading idea' - Price Action is king - only for traders who are no longer beginners "#3805." {image} ...

UJ Aug 30 H1 Tokyo Open

> learn to read your candles

- 5 bars swing low

- momentum candle

- SYD_2H aka 'early bird'
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug30 h1 momentum candle 30-8-2023 8-07-05 am.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,092
  • Aug 29, 2023 7:19pm Aug 29, 2023 7:19pm
Quoting tommydoginti
{quote} TMS traders should not have 1 trade, or a basket of trade this deep in Drawdown. A simple risk management rule of TMS method written by BigE. SL at last H or L Holding losing trades and adding to losing position will only lead to blowing accounts. The trader you mentioned has been showing huge loss once to twice a year. While it is bad example, traders can learn what not to do. No strategy is 100% perfect. If the market goes against the trades, it just hit SL for small loss. Move on the next TMS setup. trade well {image}

TMS folks

Be warned of fake traders and scammers like this below,

peddling holy grail TDI which has predictive power

the past 12 years here I have caught some of them in this thread preying on innocent people and lure them to website selling membership subscription and their trade signals service ...

Be vigilant whenever members repeatedly rant about 'keep it simple' in this thread,

Attached Image (click to enlarge)
Click to Enlarge Name: GilR nonsense predictive TDI.png Size: 346 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,093
  • Aug 29, 2023 7:30pm Aug 29, 2023 7:30pm
Quoting emmanuel7788
{quote} UJ Aug 30 H1 Tokyo Open > learn to read your candles - 5 bars swing low - momentum candle - SYD_2H aka 'early bird' {image}

TMS Monitor Aug 30 H1 Tokyo Open

- when the conditions are met 100% ... you get the 'Strong Buy' ,

- bot do not trade the recommendation blindly without a trade plan.

- only trade when you have done your daily top down analysis with post #647 and have written a trade plan for the day

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Aug30 H1 UJ 30-8-2023 8-25-36 am.png Size: 20 KB



those conditions are easily seen on your trading charts, you need to train your eyes ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug30 h1 momentum candle 30-8-2023 8-07-05 am.png Size: 33 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,094
  • Aug 29, 2023 7:37pm Aug 29, 2023 7:37pm
GU Aug 30 H4 Master Candle consolidation #647

- seen here on H1

- no hindsight charts after-the-fact post by fake trader

Attached Image (click to enlarge)
Click to Enlarge Name: GU Aug30 H1 w H4 MC consolidation 30-8-2023 8-34-40 am.png Size: 19 KB


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,095
  • Aug 29, 2023 9:23pm Aug 29, 2023 9:23pm
Quoting nhockanthi
Hi Everyone, What happens should I do in this case? green crosses red. But I didn't have profit (it took some SL) Should I wait for it to break the sideway? Thanks {image}
Hi Nhockanthi,

TMS method is not following and trading every TDI cross.

to start with the basic, use only 2 price action elements in #647.
previous highs and lows
trends
TDI signals

Only trade the TDI signals in the direction of trend.

When you learn a skill like trading, it is not about making it complicated. It is to improve your execution.

trade well

Attached Image (click to enlarge)
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  • #142,096
  • Aug 29, 2023 9:29pm Aug 29, 2023 9:29pm
Quoting nhockanthi
{quote} Hi @emmanuel7788, Could you please help me explain what is "confirm the Price Action and the MOMENTUM of the setup S/U candle"? (I think it is the same with "How can we know when we have s/u candle"). Or could you send me the link that I need to research? From my understanding, @eelfranz wants to create a "simple strategy", and price action has a lot of things. Such as break, retest,... Do you think if we apply them, they will make "simple strategy" more complicated? I think he advised us to make it as simple as possible. Sorry if my questions...
Price Action determines direction of trade and price levels to anticipate TMS setup.
TDI indicates price momentum and timing to trade.

then you know WHEN and WHERE to trade, WHICH direction and HOW to set SLTP based on BigE’s TMS rules alone.

trade well

I would suggest learning and studying all the posts by the thread OP, BigE (eelfranz)

Quoting emmanuel7788
{quote} Big E is the big deal. {image}


For this I totally agree with him.


The way I practice TMS can be found in the following posts by BigE, No need to add any more craps like gambling EAs and indicators.

1. TDI is heart of the TMS 5-method --- #261, #2617
All trades I share here are signaled by TDI green cross /bounce red

2. I work with time frames and time of day that suits me --- #644, #1170, #4470
I usually trade during work hour because of my privilege at my job which I have a lot of free time. Sometimes at night because it is London/NY market time when volatility is high. I like Lower Time Frame because I prefer quick-in-quick-out.

3. I use simple PA analysis that everyone can learn --- #276, #647
I prefer leading ones which I can anticipate TMS TDI cross/bounce setups to catch the swing in early stage like BigE demonstrated in his charts

4. Aligning with the discussion of this thread during BigE's time, entries are the main focus --- #495
If I have other aspect of trading to share, I would go to other related threads. I hope readers in this thread can receive concise and relative information in respective thread for efficient learning

5. I apply the correct use of TDI Green & Red lines --- #11
#11 has clearly shown that BigE refreshed his chart before viewing the chart. Traders who want to learn and practice the TMS should 1) refresh the chart before analysis, or 2) use a non-repainting TDI Green Red indicator. I chose the later.

6. Absolutely no EA --- #802
Two reasons: 1) To respect the thread rule. 2) If you need to rely on EAs to help you become profitable, i) Your trading skill is so-so at this stage, and ii) you will never learn the discretionary analysis that can further improve your trading skills

7. Most importantly, I participate the forum with respect --- #486


Adding crap EAs does not help improve your trading. Set and forget SLTP you can maximise your odds and profit. Trust your analysis as a TMS trader

#1718
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...

Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !

Attached Image (click to enlarge)
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  • #142,097
  • Aug 29, 2023 11:56pm Aug 29, 2023 11:56pm
Aug 30 4hr trade window

- the next 4hr is London 6am, New York 1am ... Big E' 10PM Pacific

- you at this time if you have a trade setup according to you trade plan


Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Aug30 GMT 0400 30-8-2023 12-46-23 pm.png Size: 17 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,098
  • Aug 30, 2023 12:07am Aug 30, 2023 12:07am
Quoting eelfranz
OK Gang..... I've already posted I don't want anything to do with an EA for this method... so someone puts one on a post... STOP. Anyone using it will lose money because they can't think like you.... and you will be put on the Ignore list... Can I make it plainer than that? 2 people have lost their privelage to post ever again just today... I'm serious...

#802

Big E was referring to EA as a auto-trading robot.

MT4 EA can be coded to check several market conditions based on the indicators it uses and provide an overview of many currency pairs on one single screen.

For example, TMS Monitor is an EA and it does what most traders need to scan several trading pairs and send out alerts via emails alerts, short-messaging platforms, etc.

TMS Monitor Aug 30 H4 28 pairs at Pacific 10PM

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon Aug 30 H4 PSt 10PM 30-8-2023 1-02-07 pm.png Size: 19 KB



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,099
  • Aug 30, 2023 12:19am Aug 30, 2023 12:19am
#136
Quoting Moewet
Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!
#139
Quoting eelfranz
Moe, We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway... sorry buddy...
Big E on why he did not think auto-trading robot EAs will not work.

I agree with him trading robot EAs will not work because TMS 5-Method is rules-based discretionary trading. You cannot code discretionary trading into a trading robot. You need to make you trading decisions on on your own experience ... many years of trading experience.

"Most EAs don't work" ... that means more than 50% of EAs trading robots don't work. But there are some EA based trading robots do work and make money provided the trader have the knowledge and the experience in trading live markets conditions and know how to manage their EAs trading robots in their trading business.

>>> Algo trading do work!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #142,100
  • Aug 30, 2023 12:23am Aug 30, 2023 12:23am
Quoting emmanuel7788
{quote} #802 Big E was referring to EA as a auto-trading robot. MT4 EA can be coded to check several market conditions based on the indicators it uses and provide an overview of many currency pairs on one single screen. For example, TMS Monitor is an EA and it does what most traders need to scan several trading pairs and send out alerts via emails alerts, short-messaging platforms, etc. TMS Monitor Aug 30 H4 28 pairs at Pacific 10PM {image} ...

TMS_V19 EA

UJ Aug 30 H4 Pacific 10PM broker 0800 hour

- you get all the information based on post #647 in one EA information display,

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Aug 30 H4 PST 10PM 30-8-2023 1-01-15 pm.png Size: 53 KB




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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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